Updated Dec 22, 2023
Northmarq Brokers Facilitate Sale Of 200-Unit Multifamily Property In Tyler
5621 Old Bullard Road, Tyler, Texas 75703, United States
Units
200
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
An undisclosed multifamily property with 200 units located at 5621 Old Bullard Rd. in Tyler has been sold. The transaction took place on September 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Market: Tyler
- Units: 200
The sale was facilitated by Taylor Snoddy, Philip Wiegand, Eric Stockley, and Charles Hubbard from Northmarq. They acted as the brokers representing the parties involved in the deal.
Traded’s record for 5621 Old Bullard Road, Tyler, Texas 75703, United States in Tyler, Texas covers a multifamily sale from 2022. Reported inventory is 200 units across 200 units. Eric Stockley, Charles Hubbard, Taylor Snoddy, Philip Wiegand appear on the sale alongside NorthMarq. This page is the Tyler, Texas file for the 5621 Old Bullard Road, Tyler, Texas 75703, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tyler sit in the Market section below. Filter that Tyler multifamily set by closing date to see what else sold near 5621 Old Bullard Road, Tyler, Texas 75703, United States around 2022. Cite this Northmarq Brokers Facilitate Sale Of 200-Unit Multifamily Property In Tyler sale when underwriting similar multifamily product around Tyler, Texas.
Players
Tyler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93